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Describe Aspects of Customs Valuation Practices That Are Controversial in the World

question 48

Essay

Describe aspects of customs valuation practices that are controversial in the world of international trade,such as how countries establish import tariffs.Also,how does the WTO protect against potentially abusive practices when determining appropriate tariffs.


Definitions:

Secondary Drive

A learned drive that is not directly related to biological needs but rather emerges through the association with primary drives or needs.

Acquired Drives

Psychological needs or desires that are developed through experience or learned associations rather than innate.

Secondary

Relating to or of second rank or importance; not primary.

Maslow's Theory

A hierarchy of human needs conceptualized by Abraham Maslow, suggesting that people are motivated to fulfill basic needs before moving on to other, more advanced needs.

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